Procopiou named highest bidder for Hellenic Shipyards

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A double tender for the sale of Hellenic Shipyards SA, Greece’s biggest shipyard, in the town of Skaramangas, concluded on Wednesday with ship-owner George Procopiou named the highest bidder.

Procopiou entered a bid of 37.3 million euros to acquire the plot being sold Hellenic Public Properties Company (ETAD).

Procopiou also reportedly bid 25.2 million euros for the second part of the 700,000-square meter shipyard that is controlled by the company’s special administrator.